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Briarcrest condiments is a spice-making firm. recently, it developed a new process for producing spices. the process requires new machinery that would cost $1,944,632. have a life of five years, and would produce the cash flows shown in the following table.

Year                                                        Cash flow

1                                                                      $389,702

2                                                                       -226,720

3                                                                       798,674

4                                                                        723,621

5                                                                        873,699

 what is the NPV if the discount rate is 15.36 percent?